Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Income Declaration Scheme 2016 – Government issues Clarifications in the form of Sixth Set of Frequently Asked Questions (FAQs)

News and Press Release - Dated:- 5-9-2016 - The Income Declaration Scheme, 2016 (the Scheme) provides an opportunity to persons who have not paid full taxes in the past to come forward and declare their undisclosed income and assets. The Scheme has c .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ount payable by 30.11.2016; another 25% by 31.3.2017 and balance 50% by 30.9.2017. In order to address concerns of the stakeholders and to clarify the queries relating to the provisions of the Scheme, the Rules have been amended from time to time and .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

shall be enquired into by the Income-tax Department. The assets declared under the Scheme are to be valued at cost of acquisition or at fair market price as on 1.6.2016 as determined by the registered valuer, whichever is higher. However, an option .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

tax nor any TDS shall be levied on transfer of declared benami property from benamidar to the declarant without consideration. The amount of fictitious liabilities recorded in audited balance sheet and not linked to acquisition of an asset can be di .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ioned by the department. However, valuer s accountability will remain. No adverse action shall be taken by FIU or the income-tax department solely on the basis of the information regarding cash deposit made consequent to the declaration under the Sch .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version